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Strategic Sourcing

Strategic Sourcing:

According to SAP Ariba, Strategic Sourcing is a Procurement process that connects data collection, spend analysis, market research, negotiation, and contracting. It stops short of the actual purchase of and payment for goods and services.

Strategic Sourcing can be tailored to meet a client’s specific requirements, but its major objective is to control a single, cohesive system to augment profitability.

Seeking appropriate manufacturers for interventional medical devices

A medical distributor was seeking manufacturers for advanced medical devices. We determined the best strategy was to carry out comprehensive and in-depth industry analysis

8 potential manufacturers identified

Complete Anecdote:

Medical distributor LLC* partnered with a large distributor to source for interventional medical devices from key countries that exhibit comparative advantage in producing such devices. Medical distributor LLC asked Comoroz to source and vet manufacturers who meet the receipt country prerequisite. 

*Our client confidentiality is taken very seriously. Although names have been changed, the outcomes are real.

Eighty-five percent of the reasons for failure are deficiencies in the systems and process rather than the employee. The role of management is to change the process rather than badgering individuals to do better

W. Edwards Deming